International Game Technology (NYSE:IGT) traded up 1.7% on Tuesday . The company traded as high as $19.97 and last traded at $19.95, with a volume of 927,359 shares trading hands. The stock had previously closed at $19.62.

A number of equities research analysts have recently weighed in on the stock. Bank of America Corp. reaffirmed a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Macquarie began coverage on shares of International Game Technology in a research note on Tuesday, June 14th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Sterne Agee CRT reissued a “hold” rating on shares of International Game Technology in a research note on Sunday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. International Game Technology currently has an average rating of “Hold” and a consensus price target of $20.43.

The company’s market capitalization is $4.00 billion. The firm’s 50-day moving average is $19.03 and its 200-day moving average is $16.91.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned ($0.15) EPS. The company’s quarterly revenue was up 51.2% on a year-over-year basis. Equities analysts anticipate that International Game Technology will post $2.00 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Tuesday, June 7th.

A number of hedge funds and institutional investors recently bought and sold shares of IGT. Twin Capital Management Inc. increased its position in International Game Technology by 28.4% in the fourth quarter. Twin Capital Management Inc. now owns 62,630 shares of the company’s stock valued at $1,013,000 after buying an additional 13,850 shares in the last quarter. Rhumbline Advisers increased its position in International Game Technology by 1.0% in the fourth quarter. Rhumbline Advisers now owns 63,907 shares of the company’s stock valued at $1,034,000 after buying an additional 610 shares in the last quarter. California State Teachers Retirement System increased its position in International Game Technology by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 176,277 shares of the company’s stock valued at $2,852,000 after buying an additional 2,839 shares in the last quarter. California Public Employees Retirement System increased its position in International Game Technology by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 376,824 shares of the company’s stock valued at $6,097,000 after buying an additional 33,100 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in International Game Technology by 111.4% in the fourth quarter. New York State Common Retirement Fund now owns 456,100 shares of the company’s stock valued at $7,380,000 after buying an additional 240,300 shares in the last quarter.

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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